Thu 28 April 2011, Financial Times

The prize, perils and price of China’s plan

By Nicholas Stern
China’s 12th five-year plan for 2011 to 2015, finalised last month, will have a dramatic impact on the global economy and ambitions for managing the risks of climate change. In our preoccupation with shorter-run debt and finance issues, we risk overlooking medium- to long-term changes of profound significance.

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